highlights • Total MLS sales in the Vancouver Region (which covers the combined Greater Vancouver and Fraser Valley board areas) reached 5,150 in July. This was 27% above June’s sales count and 31% more than in July 2019. • Notably, this was the first-time sales eclipsed the 5,000 mark in any month since June 2017. Similarly, there were more than 3,000 sales in Greater Vancouver and more than 2,000 sales in the Fraser Valley, each for the first time in 37 months. • On a year-over-year basis, detached home sales were up 43%, townhomes were up 39%, and condos were up 16% in July, marking the second consecutive month where sales counts increased for all home types compared to last year.
THE RENNIE ADVANCE
sales
JULY
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
July
vs Jul 2019 43%
10yr Jul Avg 1,866 vs 10yr Jul avg 14%
2,128
DETACHED sales
0 500
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
1,000 1,200 1,400
vs Jul 2019 39%
July
vs 10yr Jul Avg 43%
1,089
10yr Jul Avg 763
0 200 400 600 800
TOWNHOME sales
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
3,000
July
vs Jul 2019 16%
2,500
vs 10yr Jul Avg 18%
2,000
1,834
10yr Jul Avg 1,560
1,500
1,000
CONDO sales
500
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of August 3, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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